<abstract xmlns="http://www.w3.org/1999/xhtml">

<sec>
<h3>Purpose</h3>
<p>Training is an important element of human resource management (HRM) at co-operative financial institutions (CFIs), affecting their performance and their implementation of co-operative principles. Nevertheless, this topic has been fairly unexplored in the literature. In particular, we do not know how training affects turnover intention and how this influence is moderated by employee characteristics like membership (i.e., holding employer shares) and age. Thus, the aim of this article is to examine the impact of training on turnover intention, taking into account employee membership and age.</p>
</sec>
<sec>
<h3>Design/methodology/approach</h3>
<p>The research hypotheses were formulated using the framework of social exchange (SET) theory and were verified using a sample of more than 1,500 employees sourced from 42 Polish co-operative banks in 2017. The analysis involved two-level linear regression models with two- and three-way moderation.</p>
</sec>
<sec>
<h3>Findings</h3>
<p>The results indicate that training decreases turnover intention in CFIs. Moreover, this effect appears to be stronger for employee-members than for non-members. Furthermore, moderation through membership only applies to older employees, whereas, among younger employees, there is no difference between members and non-members.</p>
</sec>
<sec>
<h3>Originality/value</h3>
<p>By investigating the effects of training within CFIs specifically, this article responds to calls to take context into greater account in HRM studies, and also helps find moderators to explain the ambiguity of existing studies about the impact of training on turnover. Moreover, the article makes an important contribution to the co-operative literature by analysing the role of membership in shaping employee turnover intention.</p>
</sec>
</abstract>

Purpose
Training is an important element of human resource management (HRM) at co-operative financial institutions (CFIs), affecting their performance and their implementation of co-operative principles. Nevertheless, this topic has been fairly unexplored in the literature. In particular, we do not know how training affects turnover intention and how this influence is moderated by employee characteristics like membership (i.e., holding employer shares) and age. Thus, the aim of this article is to examine the impact of training on turnover intention, taking into account employee membership and age.


Design/methodology/approach
The research hypotheses were formulated using the framework of social exchange (SET) theory and were verified using a sample of more than 1,500 employees sourced from 42 Polish co-operative banks in 2017. The analysis involved two-level linear regression models with two- and three-way moderation.


Findings
The results indicate that training decreases turnover intention in CFIs. Moreover, this effect appears to be stronger for employee-members than for non-members. Furthermore, moderation through membership only applies to older employees, whereas, among younger employees, there is no difference between members and non-members.


Originality/value
By investigating the effects of training within CFIs specifically, this article responds to calls to take context into greater account in HRM studies, and also helps find moderators to explain the ambiguity of existing studies about the impact of training on turnover. Moreover, the article makes an important contribution to the co-operative literature by analysing the role of membership in shaping employee turnover intention.

The influence of training, membership and employee age on turnover intention in co-operative financial institutions

International Journal of Contemporary Management

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Purpose
Training is an important element of human resource management (HRM) at co-operative financial institutions (CFIs), affecting their performance and...

The influence of training, membership and employee age on turnover intention in co-operative financial institutions

Article Category: Research Article

Published Online: May 14, 2024

Page range: 109 - 124

DOI: https://doi.org/10.2478/ijcm-2024-0005

Keywords
training, co-operative financial institution, co-operative bank, turnover intention, employee membership, age, social exchange theory

© 2024 Przemysław Piasecki et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The influence of training, membership and employee age on turnover intention in co-operative financial institutions

Article Category: Research Article

Published Online: May 14, 2024

Page range: 109 - 124

DOI: https://doi.org/10.2478/ijcm-2024-0005

Keywordstraining, co-operative financial institution, co-operative bank, turnover intention, employee membership, age, social exchange theory

© 2024 Przemysław Piasecki et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
training, co-operative financial institution, co-operative bank, turnover intention, employee membership, age, social exchange theory